Very often, when an inexperienced credit personnel called a deliquent debtor for settlement of his account, he or she will give many excuses(see earlier article on delaying tactics) hence it is very important to arm oneself with the relevant information. So what are such information?
Append beow are some information that we should have before calling the deliquent debtor for money:
- the total amount owing;
- month-by-month figures showing how much is overdue;
- a list of invoices making up these figures
- information about any queries or unresolved disputes;
- information about the account’s history
- details of any promises earlier made for amounts earlier promised, dates and names who promiseĀ

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four, Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.
Also author to another very popular free educational accounting cum finance blog: http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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